Litecoin has once again started to turn lower after the seventh-largest cryptocurrency found strong resistance from the $45.00 level. A bearish head and shoulders pattern on the lower time frames still remains valid while price trades below the $47.00 resistance. Traders may turn bearish towards the LTCUSD pair in the short-term if price starts to hold under the $36.50 support level.
The LTCUSD pair is only bullish while trading above the $40.00 level, key resistance is found at the $47.00 and the $57.0 levels.
If the LTCUSD pair trades below the $40.00, sellers may test the $36.50 and $30.00 support levels.
